An investigation on behalf of investors of FEI Company (NASDAQ:FEIC) in connection with the proposed takeover was announced and NASDAQ:FEIC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/31/2016 -- The acquisition of Hillsboro, OR based FEI Company by Thermo Fisher Scientific is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NASDAQ:FEIC shares, concerning whether the takeover of FEI Company by Thermo Fisher Scientific Inc for $107.50 per share is unfair.
Investors who purchased shares of FEI Company (NASDAQ:FEIC) and currently hold any of those NASDAQ:FEIC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of FEI Company breached their fiduciary duties owed to NASDAQ:FEIC investors in connection with the proposed acquisition.
On May 27, 2016, Thermo Fisher Scientific Inc. and FEI Company announced that their boards of directors have approved Thermo Fisher's acquisition of FEI Company for $107.50 per share in cash.
However, given that at least one analyst has set the high target price for NASDAQ:FEIC shares at $115 per share and given that NASDAQ:FEIC shares reached after the takeover news in the open market as high as $108.35 per share on May 27, 2016, the investigation concerns whether the offer is unfair to NASDAQ:FEIC stockholders. More specifically, the investigation concerns whether the FEI Company Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On May 27, 2016, NASDAQ:FEIC shares closed at $108.13 per share.
Those who are current investors in FEI Company shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com